ZAO “ChEK.SU-VK”
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Name of the project:
ZAO ChEK.SU-VK
Industry
Metallurgy/Mining
Brief description of the project
ZAO ChEK.SU-VK is a mining and metallurgical company, specializing in manganese ore production, concentrating and ferromanganese and ferromanganese silicon smelting.
Commencement of the project
April 2007
Investment type
minority interest
Reasons for selecting the project and asset status at the time of commencement
ZAO ChEK.SU-VK is developing the Usinskoe manganese deposit in Kemerovo region. Its reserves are 98.5 million tons, including 5.7 million tons of oxide-bearing ore (average manganese grade is 26.4-27.5%), carbon-bearing ore – 92.8 million tons (19.48-19.7%). Total Russian manganese reserves amount to 148.2 million tons.
Strategic objectives of investments
Increasing asset capitalization
The major components of the project are:
- Construction of an ore-dressing plant in the area of the Usinskoe deposit (2 open-pit mines, a ore-dressing plant, industrial and social infrastructure);
- Other infrastructure facilities in the Republic of Khakassia (access roads, electric power transmission lines, and a loading/unloading terminal);
- A complex of facilities for a metallurgical plant in Krasnoyarsk (a refinery, charge production units, warehouses and other industrial infrastructure facilities).
Quarries, construction of an ore-dressing plant and the launch of metallurgical production are planned for completion in 2013, and the factory will reach full capacity in 2016.
Results achieved
Work on establishing a vertically integrated holding company, specializing in manganese ore mining and construction of a metallurgical plant for smelting ferromanganese and ferromanganese silicon have been begun.
Progress report
On-going
Partners of the project
Vnesheconombank, Transkreditbank